DekaBank Deutsche Girozentrale increased its stake in Mastercard Incorporated (NYSE:MA) by 14.1% during the first quarter, Holdings Channel reports. The firm owned 485,498 shares of the credit services provider’s stock after buying an additional 60,180 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Mastercard were worth $54,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC increased its position in shares of Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the period. Israel Discount Bank of New York GFN bought a new position in shares of Mastercard during the fourth quarter valued at about $110,000. Fusion Family Wealth LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $130,000. Archford Capital Strategies LLC increased its position in shares of Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,113 shares during the period. Finally, First Bank & Trust increased its position in shares of Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 77.39% of the company’s stock.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Mastercard Incorporated (NYSE:MA) opened at 121.96 on Friday. The firm has a market capitalization of $130.73 billion, a price-to-earnings ratio of 31.84 and a beta of 1.17. Mastercard Incorporated has a 12 month low of $86.65 and a 12 month high of $126.19. The company has a 50 day moving average price of $120.09 and a 200 day moving average price of $111.74.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Analysts anticipate that Mastercard Incorporated will post $4.31 earnings per share for the current fiscal year.

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Several analysts have weighed in on MA shares. Royal Bank Of Canada reissued a “top pick” rating and set a $130.00 price objective on shares of Mastercard in a report on Friday. Jefferies Group LLC set a $123.00 price objective on Mastercard and gave the stock a “buy” rating in a report on Saturday, March 25th. Cowen and Company reissued an “outperform” rating and set a $122.00 price objective on shares of Mastercard in a report on Monday, March 6th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Vetr cut Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price objective for the company. in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $120.47.

In other Mastercard news, General Counsel Timothy H. Murphy sold 24,128 shares of Mastercard stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $112.25, for a total value of $2,708,368.00. Following the completion of the sale, the general counsel now directly owns 53,407 shares in the company, valued at $5,994,935.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary J. Flood sold 83,959 shares of Mastercard stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $115.43, for a total value of $9,691,387.37. Following the completion of the sale, the insider now owns 78,819 shares of the company’s stock, valued at $9,098,077.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 274,829 shares of company stock valued at $31,928,440. 3.14% of the stock is currently owned by corporate insiders.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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